Dividend Coverage

Over the last twelve months (prior to March 31, 2017), SMMF-US paid a medium quality dividend.

The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 5.28x), investing cash flow (coverage of -28.22x), issuance cash flow (coverage of 33.37x) and twelve-month prior cash (coverage of 0.91x), for a total dividend coverage of 5.39x.

These coverage ratio factors imply that the firm’s net cash inflow from issuance was required (in addition to operating and investment cash) to pay the dividend, which suggests a medium dividend quality.

Dividend History

Item

2012-12-31

2013-12-31

2014-12-31

2015-12-31

2016-12-31

Latest

Dividend Yield (%)

0

0

0

2.63

1.45

2.34

Dividend Payout (%)

0

0

0

21.33

24.84

37.61

A complete list of metrics and analysis is available on the company page.

Company Profile

Summit Financial Group, Inc. is a financial holding company, which engages in the provision of community banking and insurance services. It provides a wide range of community banking services, including demand, savings and time deposits; commercial, real estate and consumer loans; letters of credit; and cash management services. It also provides commercial, commercial real estate, construction and development, residential real estate, and consumer loans. The firm operates through the Community Banking and Insurance and Financial Services segments. The Community Banking segment consists of full service banks which offer customers traditional banking products and services through various delivery channels. The Insurance and Financial Services segment consists of three insurance agency offices that sell insurance products. The company was founded on March 5, 1987 and is headquartered in Moorefield, WV.

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